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v3.25.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Information |
Schedule of performance measures | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
​ | ​ | 2025 |  | 2024 | ​ | 2025 |  | 2024 | ​
​ | ​ | amounts in millions | ​
GCI Holdings | ​ | ​ |  |  |  | ​ |  |  |  | ​
Consumer Revenue | ​ | ​ |  |  |  | ​ |  |  |  | ​
Data | ​ | $ | 60 | ​ | 60 | ​ | 121 | ​ | 120 | ​
Wireless | ​ | ​ | 35 | ​ | 34 | ​ | 69 | ​ | 69 | ​
Other | ​ |  | 9 | ​ | 10 | ​ | 18 | ​ | 19 | ​
Business Revenue | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Data | ​ |  | 124 | ​ | 108 | ​ | 251 | ​ | 215 | ​
Wireless | ​ |  | 8 | ​ | 10 | ​ | 16 | ​ | 21 | ​
Other | ​ |  | 2 | ​ | 4 | ​ | 5 | ​ | 8 | ​
Lease, grant, and revenue from subsidies | ​ |  | 23 | ​ | 20 | ​ | 47 | ​ | 39 | ​
Total GCI Holdings | ​ | ​ | 261 | ​ | 246 | ​ | 527 | ​ | 491 | ​
Corporate and other | ​ | ​ | — | ​ | — | ​ | — | ​ | — | ​
Total | ​ | $ | 261 |  | 246 | ​ | 527 |  | 491 | ​
Schedule of Other performance measures | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​
​ | ​ | June 30, 2025 | ​
​ | ​ | GCI | ​ | Corporate | ​ | ​ | ​
​ | ​ | Holdings | ​ | and Other | ​ | Total | ​
​ | ​ | amounts in millions | ​
Revenue | ​ | $ | 261 | ​ | — | ​ | 261 | ​
Operating expense (excluding stock-based compensation) | ​ | ​ | (58) | ​ | — | ​ | (58) | ​
Selling, general and administrative expense (excluding stock-based compensation) | ​ | ​ | (95) | ​ | (9) | ​ | (104) | ​
Adjusted OIBDA | ​ | $ | 108 | ​ | (9) | ​ | 99 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended | ​
​ | ​ | June 30, 2025 | ​
​ | ​ | GCI | ​ | Corporate | ​ | ​ | ​
​ | ​ | Holdings | ​ | and Other | ​ | Total | ​
​ | ​ | amounts in millions | ​
Revenue | ​ | $ | 527 | ​ | — | ​ | 527 | ​
Operating expense (excluding stock-based compensation) | ​ | ​ | (116) | ​ | — | ​ | (116) | ​
Selling, general and administrative expense (excluding stock-based compensation) | ​ | ​ | (192) | ​ | (21) | ​ | (213) | ​
Adjusted OIBDA | ​ | $ | 219 | ​ | (21) | ​ | 198 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​
​ | ​ | June 30, 2024 | ​
​ | ​ | GCI | ​ | Corporate | ​ | ​ | ​
​ | ​ | Holdings | ​ | and Other | ​ | Total | ​
​ | ​ | amounts in millions | ​
Revenue | ​ | $ | 246 | ​ | — | ​ | 246 | ​
Operating expense (excluding stock-based compensation) | ​ | ​ | (62) | ​ | — | ​ | (62) | ​
Selling, general and administrative expense (excluding stock-based compensation) | ​ | ​ | (98) | ​ | (6) | ​ | (104) | ​
Adjusted OIBDA | ​ | $ | 86 | ​ | (6) | ​ | 80 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended | ​
​ | ​ | June 30, 2024 | ​
​ | ​ | GCI | ​ | Corporate | ​ | ​ | ​
​ | ​ | Holdings | ​ | and Other | ​ | Total | ​
​ | ​ | amounts in millions | ​
Revenue | ​ | $ | 491 | ​ | — | ​ | 491 | ​
Operating expense (excluding stock-based compensation) | ​ | ​ | (124) | ​ | — | ​ | (124) | ​
Selling, general and administrative expense (excluding stock-based compensation) | ​ | ​ | (191) | ​ | (11) | ​ | (202) | ​
Adjusted OIBDA | ​ | $ | 176 | ​ | (11) | ​ | 165 | ​
Schedule of Other Information By Segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2025 |
​ | ​ | Total | ​ | Investments | ​ | Capital |
​ | ​ | assets | ​ | in affiliate | ​ | expenditures |
​ | ​ | amounts in millions |
GCI Holdings |  | $ | 3,363 |  | — |  | 119 | ​
Corporate and other | ​ |  | 13,230 |  | 13,080 |  | — | ​
Consolidated Liberty Broadband | ​ | $ | 16,593 |  | 13,080 |  | 119 | ​
Schedule of reconciliation of segment Adjusted OIBDA to Operating income (loss) and Earnings (loss) before income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Six months ended |
​ | ​ | June 30, | ​ | June 30, |
​ | ​ | 2025 | ​ | 2024 | ​ | 2025 |  | 2024 |
​ | ​ | ​ | amounts in millions |
Consolidated segment Adjusted OIBDA |  | $ | 99 |  | 80 |  | 198 |  | 165 | ​
Stock-based compensation | ​ |  | (6) | ​ | (7) | ​ | (9) |  | (14) | ​
Depreciation and amortization | ​ |  | (52) | ​ | (52) | ​ | (105) |  | (102) | ​
Operating income (loss) | ​ | ​ | 41 | ​ | 21 | ​ | 84 | ​ | 49 | ​
Interest expense | ​ | ​ | (40) | ​ | (52) | ​ | (80) |  | (103) | ​
Share of earnings (loss) of affiliate, net | ​ |  | 345 | ​ | 297 | ​ | 663 |  | 577 | ​
Gain (loss) on dilution of investment in affiliate | ​ |  | (15) | ​ | (4) | ​ | (33) |  | (32) | ​
Realized and unrealized gains (losses) on financial instruments, net | ​ |  | 76 | ​ | (17) | ​ | 39 |  | 59 | ​
Other, net | ​ |  | 7 | ​ | 8 | ​ | 5 |  | 12 | ​
Earnings (loss) before income taxes | ​ | $ | 414 | ​ | 253 | ​ | 678 |  | 562 | ​
​

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